Metaplanet has partnered with Japanese financial giant SBI's crypto division to continue increasing its Bitcoin holdings

ChainCatcher News, Japanese listed company Metaplanet has partnered with financial services giant SBI Group's crypto division SBI VC Trade to support its ongoing efforts to increase its corporate Bitcoin holdings.

This partnership allows Metaplanet to utilize SBI's custody services, aimed at prioritizing tax efficiency and providing the potential to use Bitcoin as collateral for financing.

Metaplanet stated that as the company's funds grow, it will continue to explore financial instruments that offer greater "financial flexibility." Metaplanet has so far acquired 360 Bitcoins (worth $207 million), using its primary reserve asset as collateral to enhance its ability to secure equity and debt financing.